Ryanair's Winter Schedule Trim Likely to Please Market

Dow Jones09-02

0910 GMT - Ryanair cutting its winter schedule should be a welcome move despite August's healthy traffic and load factor development and passenger growth levels being in line with guidance, Citi's Conor Dwyer says. The measure is intended to reduce exposure to volatile fuel prices and will reduce fiscal 2027 passengers by 2 million to 214 million. The Irish budget airline also reiterated prior guidance that fares will come down "modestly," which Dwyer says will reduce worries that peak travel season airfares could fall by a mid-single-digit percentage. "Still elevated capacity growth heading into winter while fuel prices are so high has also been a key worry for investors, and so we see this is a welcome move by Ryanair." Shares are up 2.4% at 23.28 euros.

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